Freshpet, Inc. (NASDAQ:FRPT) President Sells $786,900.00 in Stock

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) President Scott James Morris sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the sale, the president now owns 122,380 shares of the company's stock, valued at $19,260,164.40. The trade was a 3.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Scott James Morris also recently made the following trade(s):

• On Tuesday, November 26th, Scott James Morris sold 5,000 shares of Freshpet stock. The stock was sold at an average price of $158.13, for a total transaction of $790,650.00.

Freshpet Stock Up 0.1 %

Shares of Freshpet stock traded up $0.14 during trading on Friday, hitting $154.37. The company's stock had a trading volume of 448,279 shares, compared to its average volume of 575,616. Freshpet, Inc. has a 52 week low of $71.98 and a 52 week high of $160.91. The company has a market capitalization of $7.49 billion, a PE ratio of 173.45 and a beta of 1.41. The company has a fifty day simple moving average of $145.27 and a two-hundred day simple moving average of $135.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The business had revenue of $253.40 million during the quarter, compared to the consensus estimate of $248.36 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The business's revenue for the quarter was up 26.3% on a year-over-year basis. Equities research analysts predict that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Freshpet from $126.00 to $154.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Robert W. Baird raised their target price on Freshpet from $157.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. StockNews.com lowered Freshpet from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on Freshpet from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Truist Financial upped their target price on Freshpet from $160.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in Freshpet in the third quarter worth $32,000. Sanctuary Advisors LLC purchased a new position in shares of Freshpet in the 3rd quarter worth about $351,000. Virtu Financial LLC bought a new position in Freshpet in the 3rd quarter worth about $226,000. Geode Capital Management LLC grew its position in Freshpet by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 835,663 shares of the company's stock valued at $115,650,000 after purchasing an additional 37,287 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Freshpet by 8.8% during the 3rd quarter. M&T Bank Corp now owns 2,183 shares of the company's stock valued at $299,000 after purchasing an additional 177 shares in the last quarter.

About Freshpet

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.

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